(Answered) Lance purchases a new ute from mighty motors pty ltd for

Management Studies

Lance purchases a new ute from Mighty Motors Pty Ltd for $25,000. He tells Lynton, the car salesperson that he is a partner in a herbal products business. Lynton is aware of the business as he has read an article about it in the local newspaper. The three partners had agreed that a car would be purchased for the business but Lance was instructed not to spend over $20,000. Lynton is completely unaware that Lance has a purchasing limit. Will the partnership be bound by this contract? Can the other partners take action against Lance?

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